Investor Ideas #Potcasts: #Cannabis News Special Edition - Interview with Kim Casey on her recent book, Cannabis For Dummies
Delta, Kelowna, BC –May 31, 2019 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s edition of Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
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Read this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/05311KimCasey-CannabisForDummies.asp
Today’s podcast overview/transcript:
Good afternoon and welcome to another episode of Investorideas.com “potcasts”, looking at cannabis news, stocks to watch as well as insights from thought leaders and experts.
In today’s podcast I interview Kim Casey, Author of Cannabis for Dummies about her background in cannabis, what lead her to write this book as well a the content of the book itself.
But first, earlier this week, the cannabis community received a piece of great news as a federal appeals court gave medical cannabis patients and reform advocates a small but significant procedural victory, ruling that it would hold open a case challenging the scheduling status of marijuana under federal law.
The court is putting the federal government on notice that it must “promptly” make a decision on marijuana rescheduling so that those who rely on its medical benefits don’t unduly suffer.
Two years ago, a group of patients including New York Jet’s great, Marvin Washington and advocates, Cannabis Cultural Association, filed a lawsuit against the Justice Department in a U.S. District Court, alleging that the Schedule I status of cannabis under the Controlled Substances Act (CSA) poses serious health risks and unfair economic disadvantages.
Here is the original complaint: https://www.scribd.com/document/411950047/18-859-Documents-2?secret_password=w2ybm121PJJEUJQR6TdN#download
The 2-1 ruling from the 2nd Circuit Court of Appeals said the feds’ classification of weed in the same category as heroin and LSD made no sense.
“Plaintiffs claim that a shift over time in our understanding of the uses and dangers of marijuana warrants a change in marijuana’s classification,” Judge Guido Calabresi wrote for the majority. “It is possible that the current law, though rational once, is now heading towards irrationality; it may even conceivably be that it has gotten there already.” The judges said they might intervene if the DEA did not act “with adequate dispatch” to a request to review its classification of marijuana as a Schedule I drug.
The Cannabis Culture Association commented saying, “The Cannabis Cultural Association is proud to be a plaintiff in this milestone case. Today, the United States Court of Appeals for the Second Circuit issued its decision, holding our federal cannabis lawsuit in abeyance but retaining jurisdiction over it while our legal team files a petition to reschedule cannabis, to ensure that the petition is decided with “alacrity.” This is the first decision of its kind and will afford the plaintiffs the rapid decision that they and all Americans deserve. The Cannabis Cultural Association looks forward to continuing to lead the legalization movement, and to supporting our lawyers’ efforts to compel the DEA to finally render a fair and fast decision.”
As well the Virtual Investor Conferences and KCSA Strategic Communications today announced the agenda for the upcoming Cannabis Industry Virtual lnvestor Conference. Individual investors, institutional investors, advisors and analysts are invited to attend. The program opens at 8:45 AM ET, with the first live webcast at 9:00 AM ET, on Tuesday, June 4th.
Some of the companies attending the Virtual Conference include Aurora Cannabis, KushCo Holdings, Khiron Life Sciences and more.
In my interview with Kim Casey on her recent book Cannabis For Dummies, Kim discussed what brought her to write this book and some of her hopes from both the industry and the average US or Canadian citizen who may read this book.
“I think this was written for numerous audiences, there’s something in it for everyone, from someone who is very comfortable as a cannabis user to someone who has just heard of cannabis and is curious. For the comfortable cannabis user they may learn a great deal about the industry itself {from the book},” commented Casey on the potential audiences for her book.
When asked about what specific information Casey thought the average cannabis consumer could learn from her book she pointed quickly to the section of the book focussed on Cannabis Taxes, both in the US and Canada.
“Most people, even the people working for cannabis companies, are unaware of the Federal US Tax code. The general public doesn’t realize that the dollars that are coming into the company are mostly going back to the federal government. To clarify, this is not State Tax where medical or recreational cannabis is aloud, but Federal.”
“For the Canadian population, understanding that each Canadian province has its own business structure on the involvement of Government in the supply chain. Some provinces are allowing independent business to operate the dispensaries, some are handling the entire piece from growers to consumers, and some have a mixture. This may be interesting to individuals who may not understand the industry and its ins and outs on the whole.”
Cannabis for Dummies covers everything from the growing and processing side of cannabis, to Investing, business practices and even how to best buy cannabis for personal consumption.
The chapter focussed on Investing gives a great overlay of the last two years in the industry, some of the pitfalls to avoid and be wary of as well as certain company standards and trends that have lead to success so far.
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